Author: Maman Waheed

With a notable decline in income, Bitcoin miners are under additional financial strain. As a result, many are selling more of their Bitcoin holdings to keep operations running. On-chain analytics tool CryptoQuant claims that Bitcoin’s most recent halving event was in April 2024. This 50% reduction in miner incentives resulted in a surge in selling activity. This drop, coupled with a decrease in Bitcoin network activity, has created a favorable environment for miners striving to maintain profitability. Bitcoin Halving Impact The reward for mining a new block halves approximately every four years, a phenomenon known as bitcoin halving. In April…